Worried2Death
Contributor
Eye opening disparities Mike. NZ is up with the rich listers yet we still have degrees of poverty, food & housing insecurity.To be a global 1 percenter, you need a net worth of over $1.0 mill USD ($1.7mill NZD) and you are amongst those who own over 45.8% of the world's wealth.
To be a global 12 percenter, you need a net worth of between $100,000 to $1.0 mill USD ($170,000 to $1.7 mill NZD) and you are amongst those who own over 39.4% of the world's wealth.
To be a global 34 percenter, you need a net worth of between $10,000 to $100,000 USD ($17,000 to $170,000 NZD) and you are amongst those who own over 13.6% of the world's wealth.
But over 53% of the world's population have a net worth of less than $10,000 USD ($17,000 NZD) and they own only 1.1% of the world's wealth.
Figures are from the Global Wealth Report 2023.
We talk about how poor New Zealander's are at saving, yet globally NZ ranks 6th in the world for mean net worth and 4th in the world for median net worth....
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